this post was submitted on 08 Mar 2024
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This is the best summary I could come up with:
The House Commerce Committee today voted 50-0 to approve a bill that would force TikTok owner ByteDance to sell the company or lose access to the US market.
If the bill passes in the House and Senate and is signed into law by President Biden, TikTok would eventually be dropped from app stores in the US if its owner doesn't sell.
These applications present a clear national security threat to the United States and necessitate the decisive action we will take today," she said before the vote.
Gallagher also said his bill puts the decision "squarely in the hands of TikTok to sever their relationship with the Chinese Communist Party."
While the bill text could potentially wrap in other apps in the future, it specifically lists the ByteDance-owned TikTok as a "foreign adversary controlled application."
An app would be allowed to stay in the US market after a divestiture if the president determines that the sale "would result in the relevant covered company no longer being controlled by a foreign adversary."
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